Employer Compensation
This query is : Resolved
15 July 2011
ek person ko uske employer ne job se nikal dia without any reason us person ne employer pr case dal dia after few year wo case jit gya aur use Rs. 350000/- ka compensation mila.
Kya ye compensation taxable h ya ni under income tax. Ni h to kis section or notification k according.
Plz answer as soon as possible.
Thanks
Kya ye compensation taxable h ya ni under income tax. Ni h to kis section or notification k according.
Plz answer as soon as possible.
Thanks
15 July 2011
Compensation received under termination can be treated u/s.10(10C) subject to conditions satisfied exemption up to Rs.5 Lakhs
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